Data & Analytics

Target Corp., which has operated a proprietary innovation lab in San Francisco since 2013, is eyeing a more outward-focused approach to innovation. Target is partnering with startup accelerator Techstars to open a new retail accelerator program in its hometown of Minneapolis.

Home furnishings retailer Havertys reported that Gary Niedermeyer, assistant VP, supply chain, will retire at the end of 2015. He will be succeeded by Abir Thakurta, who will report to Richard D. Gallagher, executive VP, merchandising.

Abir Thakurta joins Havertys with considerable experience in cross-industry supply chain strategy and operational design. He was most recently with GT Nexus as a director in their supply chain consulting practice where he implemented performance improvement programs with retailers worldwide.

Key forecasting metrics have remained essentially flat for five years, but one emerging technology offers retailers the chance for improvement. According to the sixth annual Forecasting Benchmark Study from supply chain software provider Terra Technology, companies using sensing demand systems consistently double overall forecast value-add and reduce error by 37%.

October will be over in a flash, and with it, all eyes will be on the holiday season, which is measured from November 1 through December 31.

The 2015 retail calendar has several distinctions, as we saw Memorial Day fall on the earliest possible date and Labor Day on the latest possible date. This holiday season, there are 28 days between Thanksgiving (not counting the actual day) and Christmas, which is an average amount for the period separating the two holidays.

In recent years, the omnichannel world has turned retail on its ear. But after all the innovation, retailers have spoken: the store is back - and employees are going to be a key driver to its success. Retailers are trying to provide services in stores that consumers just can't get online, and for that, store employees become a clear differentiator.

But do retailers have the workforce they need? And what tools does that workforce need to be successful?

Hudson's Bay Co. has appointed Dion Rooney to executive VP, HBC digital. Rooney will be responsible for leading the HBC digital business and delivering online experience across all banners.

Rooney brings more than 30 years of senior experience in the IT field. Prior to joining HBC, Rooney served as CIO of Toys “R” Us, where he was instrumental in building a global state-of-the-art omni-channel offering. He has been developing e-commerce strategies and building digital businesses for more than a decade.

It’s official – Target Corp. will face a class action lawsuit related to its November 2013 data breach.

The overwhelming majority of merchants are not ready for the shift to EMV. 

Only 27% of U.S. merchants will be EMV-ready by the October 1st liability shift, down from the 34% estimated in March, according to a survy by The Strawhecker Group (TSG).

By December 2015, 44% of U.S. merchants are expected to adopt EMV, however EMV-readiness will not reach a threshold of least 90% until 2017— more than 15 months after the shift.